Melbourne chosen for Australia’s first Hyatt House
Australia’s first Hyatt House will open on the lower four levels of a 19 storey building under construction on Kings Way, South Melbourne.
The Chicago based hospitality group, Hyatt Hotels Corporation, will occupy 97 suites in the Oasis Residences complex, due to open in 2025.
With the deal, the developer, Holder East, was able to cut down the number of build-to-sell dwellings from 158 to 138; it has been marketing units off the plan since 2018.
The deal comes two months since Time & Place and MaxCap locked in TFE Hotels to take up part of a residential-based mixed use tower on the corner of Queens Bridge and Hannah streets, Southbank.
Hyatt House comes to Australia
Hyatt House launched 11 years ago.
Targeting extended stays and typically with larger units, it varies from the operator’s Hyatt Place brand with higher quality figures and fittings; it now operates from over 130 venues (story continues below).
The South Melbourne property – known by its side street address, 1-13 Cobden St – will include studios and one bedroom dwellings.
Occupants will also have access to a lounge and gym.
“Hyatt House South Melbourne will be a vibrant addition to the South Melbourne precinct,” Holder East chief operation officer, CJ Wu, said.
The deal comes a year since Centennial Property Group with the Kanat and Smorgon families locked in the operator’s of London’s Soho House to a proposed Darlinghurst building – a scheme rejected by the City of Sydney in August.
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